Construction
in Ireland – Key Trends and Opportunities to 2018: Order report by calling marketreportsstore.com
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Synopsis
This report provides detailed
market analysis, information and insights into the Irish construction industry
including:
·
The
Irish construction industry's growth prospects by market, project type and type
of construction activity
·
Analysis
of equipment, material and service costs across each project type within Ireland
·
Critical
insight into the impact of industry trends and issues, and the risks and
opportunities they present to participants in the Irish construction industry
·
Analyzing
the profiles of the leading operators in the Irish construction industry
·
Data
highlights of the largest construction projects in Ireland
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Summary
The Irish
construction industry recorded a review-period CAGR of -13.76%. Having suffered
a setback during the economic crisis (2008¬-2012), it then started to recover
the next year. In 2014, the construction industry in Ireland is anticipated to
register a nominal growth of 5.0%, backed by increases in activities in both
the commercial and residential markets. This growth will be supported by the
government's investment to develop the country's commercial market and build
affordable homes to meet the rising demand for housing. According to the Central
Statistics Office Ireland (CSO), the number of approvals for residential
projects increased by 95.0% from November 2012 to November 2013, and the
building and construction production index increased by 12.0% from the second
quarter of 2012 to the second quarter of 2013. Assuming these positive trends
continue, the industry is expected to record a forecast-period CAGR of 4.62%.
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Scope
This report provides a
comprehensive analysis of the construction industry in Ireland. It provides:
·
Historical
(2009-2013) and forecast (2014-2018) valuations of the construction industry in
Ireland using construction output and value-add methods
·
Segmentation
by sector (commercial, industrial, infrastructure, institutional and
residential) and by project type
·
Breakdown
of values within each project type, by type of activity (new construction, repair
and maintenance, refurbishment and demolition) and by type of cost (materials,
equipment and services)
·
Analysis
of key construction industry issues, including regulation, cost management,
funding and pricing
·
Detailed
profiles of the leading construction companies in Ireland
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Key Highlights
·
Ireland's
construction industry suffered a sharp contraction during the country's
economic crisis, with levels of output declining from EUR48.0 billion (US$65.7
billion) in 2007 to EUR11.4 billion (US$15.1 billion) in 2013. The construction
industry appears set for a sustained recovery, however. In real value-add
terms, construction output rose by 10.5% annually in the first three quarters
of 2013. Rising property prices, improved private investor sentiments and a
number of major construction projects will boost the growth of construction
industry in Ireland over the forecast period.
·
Construction
value added in nominal terms, registered a CAGR of -13.14% during the review
period, reaching EUR2.4 billion (US$3.2 billion) in 2013. Over the forecast
period, the growth in construction value added is likely to recover at a CAGR
of 5.97%, owing to a steady recovery in general economic activity. The
activities in the commercial and residential construction market are expected
to pick up relatively faster than other construction markets over the forecast
period. Due to increased construction activities and workload rising sharply,
companies in the construction industry have been increasing their staffing
levels. According to CSO, the rate of employment in Ireland grew by 9.5% from
the first quarter of 2013 to the third quarter of 2013.
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